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C. L. Industries Inc. has a bond paying 4.56 percent coupon interest maturing in ten years. This bond pays interest semi-annually, and has a $1,000
C. L. Industries Inc. has a bond paying 4.56 percent coupon interest maturing in ten years. This bond pays interest semi-annually, and has a $1,000 face value. If the yield to maturity is 5.4 percent, what is the market price of the bond? A $348.81 B $921.46 C $935.75 D $1,066.86
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